4 bedroom detached for sale

£765,000

4

Bedrooms

2

Bathrooms

Floorplan

This well presented four bedroom character property is located on a popular road, within a stones throw of Lymington Quay. The property has the rare benefit of two driveway parking spaces and a west facing rear garden.

Steps up to the front door leading into the hallway. Internal door leading into the dining room, with stairs rising to the first floor. Dining room has french doors leading out to the rear garden. Cloakroom with modern suite comprising a low level WC, wash hand basin, space and plumbing for washing machine , radiator, window to the front aspect and pedestrian door leading out to the covered alleyway. The dining room is open plan to the kitchen, which has a comprehensive range of shaker style floor and wall mounted cupboard and drawer units with granite effect worktop over. Inset Butler sink with mixer tap over and Quooker tap. Space for range style gas cooker with extractor over. Space for American style fridge/freezer. Space and plumbing for dishwasher, tiled floor, sash window to the front aspect. Opening from dining room through to the dual aspect sitting room which has inset log burner with hearth and mantle piece, window and french doors opening out to the terrace and further set of french doors to the side aspect leafing out to the rear garden.

First floor landing with airing cupboard housing the gas fired central heating boiler and two further storge cupboards. Large dual aspect master bedroom with window to the side aspect and two further windows to the rear aspect. Door into the en-suite shower room, which comprises of a fully tiled shower cubicle with mixer shower and sliding doors, low level WC and wash hand basin with mixer tap and vanity storage under, heated towel and velux roof light. Double bedroom two with decorative feature fireplace and sash window to the front aspect. Double bedroom three with window to the front aspect. Bedroom four with decorative feature fireplace with window to the rear aspect. Family bathroom comprising a panelled bath unit with mixer taps and shower attachment over. Low level WC, wash hand basin with mixer tap and vanity storage under. Heated towel rail, extractor fan, fully tiled walls and floor.

To the front of the property there is a low brick wall with shingled area and border against the property. Steps with wrought iron handrail up to the front door. There is driveway parking for two vehicles, one under cover. Pedestrian door leading to a covered alleyway through to the rear garden. The west facing rear garden is well established with various levels. There is an external storage adjacent to the sitting room. Large paved terraced seating area adjacent to the rear of the property, with few steps up to another level edged by wooden sleepers, which is mainly laid to lawn with various plants, trees and shrubs and borders. Steps up to a further level, with space for summerhouse/shed. The side boundaries are walled and the rear boundary is fenced.

The property is within an easy short level walk of Lymington High Street, the sailing clubs and the marinas. The beautiful Georgian market town of Lymington has many independent shops and a picturesque quay, deep water marinas, and sailing clubs. Lymington has numerous highly regarded restaurants and designer boutiques and is surrounded by the outstanding natural beauty of the New Forest National Park. To the north are the New Forest villages of Brockenhurst and Lyndhurst and Junction 1 of the M27 which links to the M3 for access to London. There is also a branch line train link to Brockenhurst Railway Station (approx. 5.5 miles) which provides a half hourly service to London Waterloo with a journey time of approximately 90 minutes.



Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 633825

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 19125
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 60075
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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